Warner Music Group Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

BST:WA4 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
11 Sep 24	Sell€6,397,453	Max Lousada	Individual	250,769	€25.51
10 Sep 24	Sell€11,080,381	Max Lousada	Individual	436,193	€25.62
05 Sep 24	Sell€6,295,297	Max Lousada	Individual	247,505	€25.48
15 Feb 24	Sell€2,416,657	Lincoln Benet	Individual	71,981	€33.57

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of WA4?
Owner Type	Number of Shares	Ownership Percentage
State or Government	50,000	0.00934%
Individual Insiders	8,743,224	1.63%
Institutions	151,748,329	28.3%
Private Companies	374,840,139	70%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 97.39% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
72.4%	Access Industries, Inc.	374,840,139	€11.0b	0%	no data
2.66%	The Vanguard Group, Inc.	13,769,790	€405.5m	4.37%	0.01%
2.63%	Capital Research and Management Company	13,643,390	€401.8m	-18%	0.02%
1.71%	Darlington Partners Capital Management, LP	8,870,280	€261.2m	9.88%	10.05%
1.66%	BlackRock, Inc.	8,597,327	€253.2m	-21.7%	no data
1.59%	Mawer Investment Management Ltd.	8,217,467	€242.0m	2,700%	0.59%
1.53%	JP Morgan Asset Management	7,927,098	€233.5m	43.7%	0.03%
1.32%	AKO Capital LLP	6,862,125	€202.1m	-8.06%	3.21%
1.21%	Stephen Cooper	6,260,317	€184.4m	0%	no data
1.16%	Perpetual Limited	6,023,561	€177.4m	0%	0.53%
1.16%	Cooke & Bieler, L.P.	6,017,387	€177.2m	18.9%	1.76%
1.07%	Fidelity International Ltd	5,554,533	€163.6m	3.05%	0.07%
1.02%	D1 Capital Partners L.P.	5,264,498	€155.0m	91.5%	2.77%
0.98%	Independent Franchise Partners, LLP	5,055,271	€148.9m	-3.25%	1.09%
0.8%	Harris Associates L.P.	4,131,487	€121.7m	-0.84%	0.15%
0.71%	Caledonia (Private) Investments Pty Limited	3,699,438	€109.0m	0.01%	1.32%
0.61%	FMR LLC	3,175,868	€93.5m	-57.5%	0.01%
0.51%	Geode Capital Management, LLC	2,628,263	€77.4m	1.91%	0.01%
0.48%	Strategic Advisers LLC	2,461,170	€72.5m	2.6%	0.03%
0.43%	State Street Global Advisors, Inc.	2,247,719	€66.2m	0.46%	no data
0.42%	Stephens Investment Management Group, LLC	2,163,286	€63.7m	8.16%	0.9%
0.35%	Southeastern Asset Management, Inc.	1,825,879	€53.8m	-15.8%	1.8%
0.35%	Fairview Capital Investment Management, LLC	1,812,990	€53.4m	6.74%	2.93%
0.33%	Pzena Investment Management, Inc.	1,718,090	€50.6m	0%	0.1%
0.33%	Barclays PLC Private Banking & Investment Banking Investment	1,702,612	€50.1m	4,600%	0.03%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 11:35
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Warner Music Group Corp. is covered by 34 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Hamilton Faber	Atlantic Equities LLP
Ishan Majumdar	Baptista Research
Kannan Venkateshwar	Barclays